High-income households benefit as mortgage demand plummets post-2007 crisis.
The study looked at mortgage credit in the Netherlands from 2005 to 2014. High-income households borrowed more money and had higher collateral values. Interest rates were lower for larger loans and higher collateral. Overall, there was a big drop in mortgage demand and supply after 2007. Younger households could buy better homes in 2014 with less borrowing, while older households borrowed more due to negative home equity.